> Marubeni awarded a contract for construction of Combined Cycle Power Plant in Bangladesh with Bangladesh Governmental Power Generation Company

Marubeni awarded a contract for construction of Combined Cycle Power Plant in Bangladesh with Bangladesh Governmental Power Generation Company

Thursday, Dec 27, 2012

Marubeni Corporation (“Marubeni”), in partnership with Hyundai Engineering & Construction Co., Ltd. in Korea, has been awarded a contract for construction of the Bibiyana Gas Based Combined Cycle Power Plant at the total net capacity of approximately 400MW from Bangladesh Power Development Board (“BPDB”) and signed the Contract Agreement on December 26, 2012 in Dhaka, Bangladesh.

In Bangladesh, Marubeni has a track record of executing the Rehabilitation Project of Unit 2 & 3 at Haripur 100MW Gas Turbine Power Plant and the Rehabilitation Project of Unit 4 & 5 at Karnafuri Hydro Power Plant. In addition, Marubeni is now executing the New Haripur Power Plant Development Project (410MW) which was awarded in February 2011 by the Electricity Generation Company of Bangladesh Ltd.

Marubeni believes that its capability of project management and both technical and price competitiveness, which are corroborated with the extensive experience in the field of power projects in Bangladesh, are highly appreciated not only by BPDB, but also by the power sector in Bangladesh and it led to the successful award of this contract.

The scope of the contract includes the engineering, procurement, equipment delivery and the construction/installation works on full turn-key basis. The Gas Turbine & Generator are to be procured from Mitsubishi Heavy Industries, Ltd. (Generator is to be manufactured by Mitsubishi Electric Corporation) while the Steam Turbine & Generator are to be procured from Fuji Electric Co., Ltd.

The plant is expected to be taken over by BPDB in 2015. Upon completion, this plant will be equivalent to the largest combined cycle power plant (*) in Bangladesh which is being constructed by Marubeni under the New Haripur Power Development Project.

In Bangladesh, with the chronic gap in demand and supply of power and the recent economic growth, many new power plant development projects are floated. Marubeni is committed to investing every possible effort for the successful completion of this project and further expanding the future businesses in the power sector in Bangladesh.